https://www.taxtmi.com/highlights?id=56420 Penalty u/s 271(1)(c) - disallowance of the deduction u/s 80IA - the computation of the cost of steam was a highly technical and complicated issue and further, the said exercise had been undertaken while passing the consequential order and also during the proceedings u/s 154. In such circumstances, we do not agree with the AO that there is any suppression of income or furnishing of incorrect information. - AT en-us Thu, 21 Jan 2021 09:55:25 +0530 Thu, 21 Jan 2021 09:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56420 Penalty u/s 271(1)(c) - disallowance of the deduction u/s 80IA - the computation of the cost of steam was a highly technical and complicated issue and further, the said exercise had been undertaken while passing the consequential order and also during the proceedings u/s 154. In such circumstances, we do not agree with the AO that there is any suppression of income or furnishing of incorrect information. - AT Highlights Income Tax Thu, 21 Jan 2021 09:55:25 +0530 https://www.taxtmi.com/highlights?id=56420